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In Canada, there are 47 universities and colleges offering MBA programs. Among Indian students, pursuing an MBA in Canada has become highly popular, with a significant increase in applications of nearly 50% over the past two years. The application deadline for MBA admissions in Canada usually falls between March 1 and March 30. To apply, students generally need a GMAT score ranging from 550 to 750, a minimum of two years of work experience, and an IELTS score of 6.5 to 7 bands.
The average cost of an MBA program in Canada for Indian students is around 40 lakhs. Tier-1 colleges typically have costs ranging from 50 to 70 lakhs, while Tier-2 colleges cost around 35 lakhs. Upon graduating with an MBA in Canada, students can expect an average salary package of up to 68.94 lakhs.
There are various job opportunities available for MBA graduates in Canada. Prominent recruiters include organizations such as Bank of Canada, Ernst & Young LLP (Canada), Facebook, HSBC, and Google.
Popular Courses for MBA in Canada:
In Canada, universities offer MBA programs with various specializations to cater to different interests and career paths. Among the popular specializations, Finance stands out as a sought-after choice. Several renowned Canadian universities provide MBA programs with specialized tracks. Here are some of the top universities in Canada offering MBA specializations:
MBA in Finance in Canada:
The MBA program specializing in Finance is highly popular among international students studying in Canada. This program offers excellent job prospects and the potential for high earnings
Book a Counseling Session To Know MoreMBA in HR in Canada:
The MBA program specializing in Human Resources (HR) in Canada emphasizes the study of HR concepts within an organization. The Human Resource sector is projected to experience a growth of 12,400 jobs in Canada from 2019 to 2028. This increase in job opportunities is expected to be met by approximately 14,200 new job seekers entering the field.
MBA in Business Analytics in Canada:
For students interested in a career focused on data-driven decision-making, pursuing an MBA in Business Analytics in Canada is an excellent choice. This program provides ample job opportunities and a high potential for earning.
MBA in marketing in Canada:
The MBA program specializing in Marketing in Canada covers a wide range of subjects including consumer behavior, market research, branding, advertising, and digital marketing. This comprehensive curriculum prepares students for leadership positions in marketing and related fields. Over the period from 2019 to 2028, the Canadian marketing sector is expected to see an increase in job vacancies. It is anticipated that around 19,900 job seekers will enter the job market during this time, creating opportunities for aspiring professionals in the field of marketing.
MBA in international business in Canada:
Choosing to pursue an MBA in International Business in Canada is a wise decision for students aspiring to establish their careers in the global business arena. Projections for 2022-2031 indicate that there will be approximately 68,700 new job opportunities available in the field of International Business. However, it is important to note that there will also be 63,800 new job seekers entering the job market with the required qualifications to compete for these positions.
Requirements for studying MBA in Canada:
The admission requirements for top MBA colleges in Canada are generally consistent in terms of academic criteria, which typically includes a GPA score of 3.5 or higher in a 4-year undergraduate degree. However, Canadian universities may have variations in terms of work experience, average GMAT score, and IELTS score requirements. To provide an overview, the average scores and work experience required for MBA programs in Canadian colleges, based on the Class Profile of 2024, are presented in the table below:
Book a Counseling Session To Know MoreCost of studying MBA in Canada:
The cost of pursuing an MBA in Canada for Indian students is approximately INR 80 lakhs (equivalent to around 130,000 CAD). This includes various components such as pre-arrival costs, tuition fees, and living expenses. Among these, tuition fees represent the largest portion of the overall cost. While there are some lower-cost options available at certain MBA colleges in Canada, the tuition fees for Tier 1 and Tier 2 colleges typically range around INR 40 lakhs (equivalent to approximately 66,000 CAD).
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